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Investor Presentaiton

FS' debt profile Funding diversification F From 27 April 2023, EMTN Programme increased up to € 12 bn. Total gross financial debt (long term + short term) amounts to € 11,757 mn (excluding leasing ex IFRS16) at YE 2022 vs. € 11,674 mn at YE 2021. The bulk of FS Group's debt is held by FS Holding (€ 10 bn, around 85% of total). 26% 36% 76% 88% 11% 7% 63% 57% 11% 13% 12% Breakdown Financial sources 2012-2022* Net Financial Debt amounts to € 7,854 mn at YE 2022, improving by approximately € 1 bn compared to the previous year (€ 8,871 mn at YE 2021). ** EMTN Bonds 2012 2013 2019 2022 ■Supranational Entities ■Bank Loans *These percentages are calculated on the long term debt held by FS\RFI\TI **Including private placement with EIB. FERROVIE DELLO STATO ITALIANE Informazione pubblica f 13
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